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Uni-Bio Science And Chongqing Minji Establish Strategic Partnership, Targeting Hundreds Of Billions Of Yuan of Medical Aesthetics Device Market
Recently, Uni-Bio Science Group Limited (the “Company”, together with its subsidiaries (Beijing Genetech, Shenzhen Watsin, Dongguan Watsin), the “Group”) is pleased to announce a strategic cooperation with Chongqing Minji Medical Device Co., Ltd. (hereafter "Chongqing Minji"). This partnership expands the Group's business into the medical aesthetics device sector and enhances its long-term strategy in biopharmaceuticals and medical aesthetics. In the realm of skincare, amidst the escalating global aging population, rising prevalence of chronic diseases, and growing aspirations for improved aesthetics, there is a surging demand for specialized skincare products post-procedures such as general surgery, cosmetic operations, burns, and accidental injuries. Public data forecasts that by 2026, the market size for medical device dressings and functional skincare products in China will reach CNY 253.8 billion and CNY 623 billion, respectively. This alliance with Chongqing Minji, based on market analysis and growth opportunities, will leverage both parties' strengths in product registration, R&D, market channels, and brand influence. Together, they aim to develop a new business model combining biopharmaceuticals and medical devices to meet diverse market needs.As an initial step, Uni-Bio Science Group has secured the exclusive distribution rights nationwide for Chongqing Minji's flagship product – a hydrogel wound dressing designed for post-skin injury and minimally invasive surgery wound healing. This class II medical device complements the Group's flagship product, GeneTime® (rEGF recombinant human epidermal growth factor), which is well-established in the domestic market for burn and trauma treatment. The addition of the hydrogel wound dressing further enriches the Group's product pipeline, providing patients with a full-range solution from treatment to recovery. Uni-Bio Science Group has also attained the exclusive distribution rights for Chongqing Minji's soon-to-be-approved collagen liquid dressing, another class II medical device targeting premium demands in medical aesthetics and daily skincare. This aligns with the Group's self-developed medical aesthetic product pipeline, including fibronectin repair fluids and essence, advancing the group's integrated strategy of "Medicine + Devices + Cosmetics" for a seamless transition from therapy to beauty, offering consumers a full-cycle skin care solution.Most notably, both companies will collaborate on developing medical device products based on Uni-Bio Science Group's proprietary core patented ingredient – Skbrella, a small molecular highly active recombinant human fibronectin. Fibronectin, naturally present in the dermis layer of human skin, boasts remarkable effects in skin repair and nourishment, presenting immense potential in medical aesthetics and premium skincare markets. This joint project aims to develop and launch China's first batch of class II medical devices utilizing fibronectin, reinforcing the company's leadership in skincare and medical aesthetics.Lastly, Uni-Bio Science has the option to deepen its strategic alliance with Chongqing Minji by investing in and potentially acquiring the company within the next 24 months. Seizing this cooperation opportunity, the Group aims to enhance its technological innovation and market expansion in biopharmaceuticals, high-end medical devices, and medical aesthetics. Filled with confidence, the Group aspires to jointly embark on a new chapter in the healthcare industry with Chongqing Minji, introducing more innovative and high-quality products and services to the global skincare market.End10/07/2024 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Jul 10, 2024
US stock futures steady as markets digest Powell testimony, rate cut outlook
Investing.com-- U.S. stock futures moved in a tight range in evening deals on Tuesday, steadying as optimism over interest rate cuts saw Wall Street notch record highs, albeit at a slower pace.TestimoInvesting.com
Jul 9, 2024
How to trade AI? Citi says take profits as sentiment is most elevated since 2019
Citi analysts warned investors about potentially overheated sentiment in Artificial Intelligence (AI) stocks.Their note highlights how optimism surrounding AI stocks has reached its highest level sincInvesting.com
Jul 9, 2024
DST's capabilities in digital and intelligent operational service recognised by the capital market, raised Series E+ round funding
Highlights:DST remains dedicated to advancing new energy logistics technology and innovative business models, alongside expanding its global presence and promoting for standardized solutions. These initiatives aim to assist its customers in accelerating the achievement of net-zero emission targets in logistics delivery. Management views this latest investment round as a testament of the capital market's acknowledgment and confidence in DST's growth trajectory. DST is committed to further improving its operational efficiency and enhancing service quality, thereby generating long-term sustainable value for its customers, shareholders, partners and employees.Shenzhen – July 9, 2024 – DST, one of the global players in digital and intelligent operation service provider for new energy logistics vehicles, announced the successful closing of its Series E+ funding round today. The round saw participation from Twin Towers Ventures (TTV), the corporate venture capital arm of PETRONAS, along with existing shareholders. This marks DST’s second funding round in six months, following the completion of Series E funding in Q4 2023, bringing the total amount raised in the Series E round to approximately $100 million. TTV focuses on investing in startups with breakthrough technologies in the energy transition and green mobility sectors across Asia Pacific (APAC) and Middle East and North Africa (MENA) regions. The investment in DST underscores strong confidence in DST’s capabilities in digital and intelligent operations for new energy logistics and highlights potential within the Southeast Asian market.As a leader in digital and intelligent operational services for new energy logistics vehicles, DST is optimistic about the electrification trends in both the Chinese and Southeast Asian markets. The company is committed to achieving sustainable growth by leveraging its expertise in supply chain management and digital operational capabilities. DST firmly believes that it can contribute to global electrification goals through its efficient and cost-effective new energy vehicles. As of June 2024, DST manages over 130,000 units of new energy logistics vehicles. This milestone signifies that China's new energy logistics vehicle service network has entered a sustainable and scalable phase, further enhancing DST’s standing in the capital market.Ms. Zhang Haiying, Founder and Chairman of the Board of DST, stated, "DST has consistently improved its service quality and operational efficiency through advancements in new energy logistics technology and innovative business model, thereby helping customers accelerate their net-zero emission targets in logistics delivery. We believe this funding round by TTV is a recognition of DST's capabilities in digital and intelligent operational service by the capital market, further strengthening our confidence in expanding into overseas markets. In the future, we aim to deepen strategic collaboration with Southeast Asian partners to provide efficient, cost effective and environmentally friendly solutions in new energy logistics, thereby promoting sustainability in the global logistics industry."Ms. Tian Tian, Chief Financial Officer of DST, said, "Despite the prevailing pressure in the capital market, DST successfully closed its Series E round in 2023 and Series E+ round in 2024. We sincerely thank both the new and existing shareholders for their long-term confidence, trust and support for DST. The completion of the overall Series E round will provide sufficient financial resources to support DST's expansion and overseas strategy. The successful closure of this funding round signifies the capital market's validation of our company. Moving forward, we remain committed to enhancing operational efficiency, service quality, our environmental, social and governance (ESG) standards, thereby creating sustainable long-term value for our customers, shareholders, partners, and employees."About TTV TTV is the corporate venture capital arm of PETRONAS and maintains dual offices in Kuala Lumpur and Singapore. TTV invests in early to growth stages entrepreneurs across the Asia Pacific (APAC) and Middle East and North Africa (MENA) regions.About DST Founded in 2015, DST has been committed in advancing the electrification of urban logistics vehicles. The company operates vehicles throughout their lifecycle using a digital and intelligent operational service network that integrates the entire value chain of the new energy logistics vehicle industry. DST provides comprehensive asset operations and services, including vehicle leasing and sales, charging and maintenance, and vehicle disposal. DST empowers industry stakeholders to enhance efficiency and value through "service and digitalization". The company continuously promotes the standardization and intelligence service in the industry. For more information about DST, please visit www.dstcar.com.Media and Investor Contact:Public Relations: globalpr@dstcar.com Investor Relations: dst-ir@dstcar.comSOURCE: DST Electric Vehicle Rental (Shenzhen) Co., Ltd.09/07/2024 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Jul 9, 2024
